Business news this morning.
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As Comcast continues its attempt to purchase Time Warner Cable, another deal announced today would see the cable industry shrink even further. Charter Communications, the fourth-largest cable provider in the US, has agreed to purchase competitor Bright House Networks for $10.4 billion in cash and stock. Bright House is the sixth-largest US provider, but Charter says the merged company would become the second biggest cable operator by customer volume if the deal successfully closes.
Charter to buy rival cable provider Bright House f
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As Comcast continues its attempt to purchase Time Warner Cable, another deal announced today would see the cable industry shrink even further. Charter Communications, the fourth-largest cable provider in the US, has agreed to purchase competitor Bright House Networks for $10.4 billion in cash and stock. Bright House is the sixth-largest US provider, but Charter says the merged company would become the second biggest cable operator by customer volume if the deal successfully closes.
Charter to buy rival cable provider Bright House f
